Understand the role of risk management in asset protection.
Students will evaluate saving methods and investment strategies.
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Discuss the purposes of insurance/risk management.
Define common insurance options and their purposes, such as automobile, health, homeowner/renter, whole/term life, long-term care and disability.
Define terms of a basic insurance policy, such as contract, limits of coverage, premium, deductible, grace period, and lifetime limit.
Discuss insurance needs at different stages of life.
Understand identification and designation of beneficiaries.